Two-Story Live-Work
For Sale
$599,900
114 York Street, Kennebunk, ME 04043
A two-bedroom residence occupies the upper level above a commercial area zoned BP.
Property Size2,327 SF
Price / SF$257.80
Days on Market741
Property Features for 114 York Street
General Information
Standard status
Active
Size
2,327 SF
Property subtype
Commercial
Zoning
BP
Additional Details
Floor
First Floor
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,712
Building Details
Building Size
2,327 SF
Year Built
1920
Listing Agency:
Andrews Milligan Real Estate
Listed By:
Deborah Andrews
(207) 985-5525
Source:
Amerorealty
Added: Oct 22, 2024
Changed: Oct 31
Last Checked: Oct 31 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrews Milligan Real Estate
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Investment Insights
Based on property information with market context.
This live-work property combines a two-bedroom, one-bath residence upstairs with commercial space on the first floor. The ground-level area measures just over 1,400 square feet, providing a distinct business component beneath the living quarters.
The property has 180 feet of frontage on Route One and carries BP zoning. Built in 1920, it pairs residential and commercial space within one property.
The property has 180 feet of frontage on Route One and carries BP zoning. Built in 1920, it pairs residential and commercial space within one property.
Key Highlights
- Two‑bedroom, one‑bath residence on the upper level
- First‑floor commercial area measuring just over 1,400 square feet
- 180 ft. frontage on Route One
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,116
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,320
$762.3K
Cap Rate 7%
$544,514
$544.5K
Cap Rate 9%
$423,511
$423.5K
Market Conditions
NOI Build-Up for 2,327 SF
Gross rent
$58.1K $24.96/SF
− Vacancy
−$7.3K −$3.12/SF
EGI
$50.8K $21.84/SF
− OpEx
−$12.7K −$5.46/SF
NOI
$38.1K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,320
Cap Rate 7%
$544,514
Cap Rate 9%
$423,511
Alternative Uses
Best Use
Office B
$544.5K
$476.5K – $635.3K
NOI $38,116 @ 7.0% cap · market cap 6.35%
Second Best
Mixed Use
$412.9K
$361.3K – $481.7K
NOI $28,901 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$737.6K
$645.4K – $860.6K
NOI $51,635 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 04043, ME
11,536
Population
6,243
Households
1.8
Avg Household Size
52
Median Age
50%
College-Educated
97%
High-School Grad
35.1 sq mi
ZIP Area
329
Density / Sq Mi
$101,204
Median Household Income
$53,283
Median Earnings
$1,405
Median Rent
$460,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - A two-bedroom residence occupies the upper level above a commercial area zoned BP.
Where is this live-work space located?
The property is located at 114 York Street Kennebunk, ME.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath residence on the upper level; First‑floor commercial area measuring just over 1,400 square feet; 180 ft. frontage on Route One
